Summary - Lady Margaret Road, Southall, Greater London, UB1 UB1 2PT
1 bed 1 bath Shop
Immediate income with strong weekly sales on a high-traffic local parade.
High footfall parade close to Southall Station and bus services
Weekly turnover circa £19,000–£20,000, established grocery trade
Rent £28,500 per annum; business rates approx £6,000 per annum
Leasehold: 14 years remaining — lenders likely to refuse standard mortgages
Cash buyers only; business mortgages only for existing traders
Off-street parking, excellent mobile signal and fast broadband
Location in UB1 with many amenities, schools, and community demand
Area classified as deprived — consider long-term growth and tenant risk
This long-established grocery sits on a busy Southall parade, benefiting from high footfall and excellent transport links to central London via Southall Station. Weekly takings of around £19,000–£20,000 and established opening hours show consistent trading for a purchaser seeking immediate income.
The property is leasehold with 14 years remaining and a £28,500 pa rent; a £300,000 premium is sought (plus stock). Important financing constraints apply: cash buyers preferred and standard residential mortgages are likely to be refused because many lenders will not lend on short leases. A business mortgage might be possible only for an existing trader.
Running costs include business rates of about £6,000 pa (buyers should verify). The location offers practical advantages — off-street parking, excellent mobile signal and fast broadband — and community amenities and schools nearby, which support steady local demand. The surrounding area is mixed and comparatively deprived, so consider long-term area dynamics when assessing growth potential.
This is a straightforward covenant-led investment for a buyer who can fund the purchase in cash or secure specialist lending. The short lease is the principal drawback; negotiate lease extension options or factor lease renewal costs into any offer.
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